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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. Besides driving process improvement, the experts at Your Virtual Credit Manager can apply default risk probabilities & other financial benchmarks to your AR portfolio to reveal actionable credit & collection insights.

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When do Credit Card Payments Report to Credit Bureaus?

The Red Spectrum

When it comes to managing your finances and building a healthy credit history, understanding how credit card payments affect your credit reports is essential. Credit reports serve as a snapshot of your financial behavior and are often used to determine loan approvals, interest rates, and credit limits.

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Mitigating Commercial Credit Fraud

Your Virtual Credit Manager

In the movie “9 to 5” the general manager is having product shipped to a warehouse he controls in order to sell the goods on the side—an all to common scenario. To continue reading and learn more about the types of credit fraud and how to protect your organization, you must be a paid subscriber.

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SAP Business ByDesign – What’s New 23.08

SAP Credit Management

Solution Extensions Phoenix : Credit Card Payments The credit card payment solution allows the organizations to fully integrate with a credit card payment processor. It automates the payments of sales orders via customer credit cards ( Video ).

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SAP Central Finance – CLOUD or On-Premise?

SAP Credit Management

The SAP S/4HANA Cloud solution In-House Banking for SAP S/4HANA Cloud for Advanced Payment Management is not supported as part of the Central Finance integration. Journal entries from this solution are not replicated.

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Strategies for Navigating Elevated Interest Rates

Your Virtual Credit Manager

To continue reading and learn ten ways to protect your company from rising interest rates — the first nine are directly related to receivables management — you need to be a paid subscriber to Your Virtual Credit Manager. A similar approach should be taken for customers making small purchases.

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Increase the Liquidity of Your Receivables Portfolio

Your Virtual Credit Manager

Move your smallest customers onto credit cards at the time of purchase. Only accept credit card payments from your larger customers if they pay within 10 days of the invoice. As an incentive, you can forego a credit card surcharge, which would be roughly equivalent to offering a cash discount.